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Dec 5, 2012
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entry on this year it will be the disconnect between economics and markets we continue to be in an environment where people don't have a great many opses. that's why these options that look so threatening action they reverse so quickly. as long as that continues to be the case. they're going to -- >> it's very simple. last night it came out that. >> i'm going to make it simple here, not for the viewers. they came out and ticked four tea party members. that took them -- some republicans are willing to adopt a much more done scilla torrie approach. that's what's driving the market. it's going to continue to drive the market. >> you're saying this is cliff driven? >> absolutely. ivities market wasn't doing all that much. the president made some comments today in front of the business roundtable. all of a sudden, we start to do explode to the up side a bit. guys, i know the music is playing, but there's a look at hewlett-packard. up 4%, pete. >> absolutely. >> there are areas you talk about, last thing is technical, look at the xlf. >>> up next, the probability that lawmakers will defy if the odds
entry on this year it will be the disconnect between economics and markets we continue to be in an environment where people don't have a great many opses. that's why these options that look so threatening action they reverse so quickly. as long as that continues to be the case. they're going to -- >> it's very simple. last night it came out that. >> i'm going to make it simple here, not for the viewers. they came out and ticked four tea party members. that took them -- some...
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Dec 6, 2012
12/12
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the point is if you're in a low return environment, you can ratchet up performance in a higher quartile, the other thing is it's not just hedge funds. they're the whipping boy. it's long only funds, they want to get that morningstar fifth star. on the other side of it, i used to know a guy when he ran a hedge fund he would sell into the markup and buy it back the next day which is great if you're not a taxable fund because he knew it was a hark wrup so this story is as old as lincoln getting shot at ford theater. i don't think there's anything here, it's very difficult to prove. >> of all of the street's top strategists, tom lee could nail the number on where the s&p will close out 2012. his prediction of 14,030 is looking better by the day. tom welcome, good to see you again. >> thanks. >> how does that factor in? i don't know if you heard geithner on our air yesterday with steve liesman but sounded like a guy prepared to go cliff diving. >> i did hear that and you know, that's not very constructive talk because at the end of the day, you know, if we have a recession, the depth of that
the point is if you're in a low return environment, you can ratchet up performance in a higher quartile, the other thing is it's not just hedge funds. they're the whipping boy. it's long only funds, they want to get that morningstar fifth star. on the other side of it, i used to know a guy when he ran a hedge fund he would sell into the markup and buy it back the next day which is great if you're not a taxable fund because he knew it was a hark wrup so this story is as old as lincoln getting...
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Dec 7, 2012
12/12
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when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for me growing too slow. >> it will be over 100 bucks six months from now. >> if the market's up. >> you guys have made compelling cases. let's send it over to our jury, if you would. dr. j., who made the more compelling argument. >> well, okay, so i'm the guy that cuts the baby in half, then, judge, because i do think stephen's made good arguments but i've got to go with pete. there's no hard landing at all with china. >> shouldn't be recused from this? >> like pete says, this is going to be higher six months from this. >> let's take the fellow g gargantuga gargantuan brother out of it. pete is right. we understand the macro challenge is challenging. what did the
when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for me growing too slow. >> it will be over 100 bucks six months from now. >> if...
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Dec 10, 2012
12/12
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and you'll see lyr can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial secti) (testinial s section did you know, 94% of people who use lyric would recommend lyric to afrien. can your hearing aid do all this? lyric can. toearn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free informational dvd and ochure why wait? hear today what a little lyric cacan do f you. lyric from phonak. life is on. stuart: the bad economy, taxes regulations they will take a bite out of bonuses for wall street workers this year. don't feel too bad, though. the aaerage bonus for wall street worker will be about $101,000. which is 16 1/2% less than last year and a 50% decline from the good old days back in 2006. >>> we love to show you cool expensive items on this program. we had diamonds last week. remember? well, today, is the second day of hanukkah. we have some very expensive menorahs. joining us now is the founder
and you'll see lyr can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial secti) (testinial s section did you know, 94% of people who use lyric would recommend lyric to afrien. can your hearing aid do all this? lyric can. toearn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free informational dvd and...
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Dec 3, 2012
12/12
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who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our wealth editor robert frank tal lis up the casualties coming up. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together
who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our...
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Dec 7, 2012
12/12
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. >> all of these are stocks you would choose in a rainy environment, a sunshine environment, they're going to weather it out? >> for right now they absolutely are. i absolute hold these in my personal and client portfolios as well. >> main street capital, western digital, lukoil and ross stores. you're on the record. >>> we're going to list the stocks that have made it out of the middle market and into the big leagues. >>> and what should and shouldn't companies post on social media? the man who's posted things he probably shouldn't have himself. you know what i'm talking about, howard. r ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's
. >> all of these are stocks you would choose in a rainy environment, a sunshine environment, they're going to weather it out? >> for right now they absolutely are. i absolute hold these in my personal and client portfolios as well. >> main street capital, western digital, lukoil and ross stores. you're on the record. >>> we're going to list the stocks that have made it out of the middle market and into the big leagues. >>> and what should and shouldn't...
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Dec 10, 2012
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i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compromise or deal they might need. >> right. >> in some shape taxes will good up. how do investors prepare for that? >> the way investors prepare for that, most well healed investors have prepared for that and embarked on that strategy. that the problem with taxes going up. the people who can best deal with it are already dealing with it. many people are thinking about different opportunities. >> you've been spot on about a of the risks the last few years. what is the biggest risk to you right now? >> biggest risk rye out in -- >> well not personally but in the markets. >> well, we can talk about racing too.
i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compromise or...
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Dec 6, 2012
12/12
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. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both s
. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all...
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Dec 9, 2012
12/12
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we need government to create a stable environment for businesses to function and create jobs. when government battles too much in the economy, its policies are driven by politics and markets are driven by individuals and the real world music people. that's the difference between what government does about markets do. you need government to protect us from fraud, from wrongdoers. there are wrongdoers the government can protect us from them. overly meddlesome government goes to fire and you end up suppressing enterprise and innovation and job creation. >> 2008 financial situation and the so-called bailout. are you supportive of that government intervention? >> release the question and answer of the book basically. you can see that as an emergency intervention. this government had done it back now, that would've been fine. unfortunately they stayed too long. the comparison they make is to katrina. there's emergency aid and basically people get up and back on their feet. but unfortunately the government conceded the financial crisis as an excuse to expand itself and expand control
we need government to create a stable environment for businesses to function and create jobs. when government battles too much in the economy, its policies are driven by politics and markets are driven by individuals and the real world music people. that's the difference between what government does about markets do. you need government to protect us from fraud, from wrongdoers. there are wrongdoers the government can protect us from them. overly meddlesome government goes to fire and you end...
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. >> a lot of places have drug-free work environments. now doesn't that come into question at least for today in washington state? is it the same as having a beer at lunch and coming to work? smoke a joint and come to work in what was a drug-free environment? >> it's a wonderful question. the effects will be different depending on one's tolerance. ultimately an employer has as right to expect when they employ people to come to work they are able and fit to do the job for which they were hired. certainly if there is as it relates to alcohol you're not sober and as it relates to marijuana you are a bit hazy of the mind, the employer would legally be well within their rights to take the appropriate action which means if you smoke too much, you're fired. >> guess that's a good answer to a clever conundrum they find themselves in. thank you so much. appreciate it. >>> coming up in ten minutes as well, the los angeles mayor is going to join me. he's going to talk about a federal crackdown on medical marijuana in california and now how all of th
. >> a lot of places have drug-free work environments. now doesn't that come into question at least for today in washington state? is it the same as having a beer at lunch and coming to work? smoke a joint and come to work in what was a drug-free environment? >> it's a wonderful question. the effects will be different depending on one's tolerance. ultimately an employer has as right to expect when they employ people to come to work they are able and fit to do the job for which they...
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Dec 3, 2012
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why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows ahead, doing whatever it takes to get customers to his new hotel. >> this is encore. [dramatic orchestral music] ♪ >> and, yes, he really was sitting on top of the building. >> next time, we do this in the lobby. >> the encore is connected to his other las vegas hotel, the wynn, and he has a third in macau, china. inside, his hotels are fantasy lands for well-heeled adults. he brought gourmet restaurants and high-end shopping to the strip. his hotels may be extravagant, but his business strategy is conservative. his company is not highly leveraged and has over $1 bill
why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows...
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Dec 4, 2012
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we're in a greatly diminished yield environment. people scramble for what they can. if you think yields are low know, a lot of investors think they could even go lower. it's unbelievable how low the yields are in the fixed income markets, but again, i think you're going to see compression with those types of stocks. i think what you're really going to see is dividend policies revisited contrary to the fact that from a tax point of view, folks are going to be basically less likely to buy dividend stocks because investors want income, and that's the only place they can get it. >> michael, we get a handf fufu companies every day declaring dividends. they're accelerating the payment to try to beat out the fiscal cliff. would you invest looking for companies like that right now? >> i think you're seeing the top of the dividend trade. i think if anything, what's going to end up happening is a focus back into cyclical sectors for 2013. you want the global trade. you don't want the domestic trade anymore. >> you're not going to be jumping on the bandwagon here just because c
we're in a greatly diminished yield environment. people scramble for what they can. if you think yields are low know, a lot of investors think they could even go lower. it's unbelievable how low the yields are in the fixed income markets, but again, i think you're going to see compression with those types of stocks. i think what you're really going to see is dividend policies revisited contrary to the fact that from a tax point of view, folks are going to be basically less likely to buy...
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what might that environment look like? >> i don't think that's what happens. we're not talking about taking tax rates from 35 to 50 or 60. we're talking a few percentage points. so it's uncertainty, well do i get my deductions, do i pay a hayer rate? what is my mix and until then i sit on my hands. bringing up the again the uncertainty factor. i think we get to a point where we get some sort of compromise around these things. we'll get back through a muddle through economy. not a great one but good enough one. david: the president's comments of last year notwithstanding where he was for lowering rates. rates go up in one way, shape or form. rather than spending money in the stock market where people get taxed more they think of more direct investment? more vehicles that avoid the stock market entirely and get cash directly to the companies? >> that could happen and would be good for the economy which in a perverse way would be good for the stock market as well if you see my logic. getting people to move off the dime. to say i don't need this hoard of cash fran
what might that environment look like? >> i don't think that's what happens. we're not talking about taking tax rates from 35 to 50 or 60. we're talking a few percentage points. so it's uncertainty, well do i get my deductions, do i pay a hayer rate? what is my mix and until then i sit on my hands. bringing up the again the uncertainty factor. i think we get to a point where we get some sort of compromise around these things. we'll get back through a muddle through economy. not a great...
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know, when do you think we'll get back to what we would consider a healthy economy and a healthy job environment? >> i think it's a multiyear process ahead of us. i think it will be a slow slog. actually i look at the very, very low rates that we have right now, the treasury rates, really being a sign of the sickness of the economy. when we start to see treasury rates on a sustained upward move, that will tell me that we're going back to what used to be normal, say pre-07 to a economy growing 3 or 4%. until we start to see the fed not pushing down on rates so much we have to look for more of the same. tracy: real quickly some of the sectors you like one of them is energy. a lot of people say we have energy boom in the united states. you like the shale gas and liquids, right? >> yes because here's an industry that really has exploded in the last half a dozen years where it didn't previously exist. it will help to lower the cost of energy in the whole economy making our economy again more efficient than just about any other developed country and a source of real wealth as we create to build out th
know, when do you think we'll get back to what we would consider a healthy economy and a healthy job environment? >> i think it's a multiyear process ahead of us. i think it will be a slow slog. actually i look at the very, very low rates that we have right now, the treasury rates, really being a sign of the sickness of the economy. when we start to see treasury rates on a sustained upward move, that will tell me that we're going back to what used to be normal, say pre-07 to a economy...
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Dec 10, 2012
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it's a big difference, the question is how does a company like mine compete in a global environment where china, india and europe are on our shore. >> they're having government subsidies to chinese products so they can put guys like you out of business and that's what a lot of americans don't understand. it's frustrating to me, that's correct. but there's probably a lore important point about the product and that is that our government is making it difficult for us compete. and the tax policy, president obama is telling small business people like myself, he's going to help out by raising taxes. . the only way is to invest in equipment and fuel costs the same, electricity costs the same. the only way i can have more is to have better equipment. the only way to invest is to be profitable and removes small profits and unable to-- wage gross decreases. >> a lot of businesses seem to do okay. ge didn't pay any taxes, so biggest organizations are finding ways to be circumvent the complexities of tax keyed. as a small business operator, do you get to do those things? >> when president obama came
it's a big difference, the question is how does a company like mine compete in a global environment where china, india and europe are on our shore. >> they're having government subsidies to chinese products so they can put guys like you out of business and that's what a lot of americans don't understand. it's frustrating to me, that's correct. but there's probably a lore important point about the product and that is that our government is making it difficult for us compete. and the tax...
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Dec 7, 2012
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it's their environment. the purpose of this "new york times" article and my book "the blue zones," was really to look at the environmental components that explain longevity. >> so, dan, one of the things that fascinated me in this article, this one man in his 60s, living in america, diagnosed with cancer, given nine months to live. he moves home to ikaria and he's feeling better, working in his garden. it's 30 years later, the end of the story is he comes back to talk to the u.s. to talk to his doctors to say what do you think happened to the cancer and his doctors have passed away. it's an amazing story and anecdote but what is it specifically about the lifestyle and diet there that helps treat and prevent cancer? >> well, i think it's probably the diet. it's a very clean environment. it's not only what they eat, it's how they eat. they're not eating standing up or on the run. they tend to eat with their family. it's slow. they're overlooking the aegean. i think also if you look at their terrain, there's no
it's their environment. the purpose of this "new york times" article and my book "the blue zones," was really to look at the environmental components that explain longevity. >> so, dan, one of the things that fascinated me in this article, this one man in his 60s, living in america, diagnosed with cancer, given nine months to live. he moves home to ikaria and he's feeling better, working in his garden. it's 30 years later, the end of the story is he comes back to talk...
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Dec 8, 2012
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especially in a plummeting gas price environment, we need these incentives in order to keep building the infrastructure. >> solar, i think, is undergoing a sort of remarkable decline in the costs of production, but it doesn't have nearly the share that wind does, right? is that where solar is at right now? >> let me put this in perspective. if you talk about the tax to convert satellite into electricity. the first commercial use was in 1994. at the time it was literally astronomical in costs. not for the space race with the soviets where we needed satellites in space and needed power for the satellites. nasa turned to solar cells as a sourt of power for the satellites. at the time they cost literally hundreds of dollars per watt. nasa didn't care, right? >> it's nasa. >> over the last decades the cost of solar cells has come down and down and down. the efficiency, the conversion efficiency has continued to go up and up and up, right? now you've got solar cells that are produced for under a dollar a watt. just in the last few years they came down a factor of three thanks to the chines
especially in a plummeting gas price environment, we need these incentives in order to keep building the infrastructure. >> solar, i think, is undergoing a sort of remarkable decline in the costs of production, but it doesn't have nearly the share that wind does, right? is that where solar is at right now? >> let me put this in perspective. if you talk about the tax to convert satellite into electricity. the first commercial use was in 1994. at the time it was literally astronomical...
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Dec 4, 2012
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why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal policy by going over the fiscal cliff even if it is considered bad policy. for some taxes on divs we could see those taxes soar to 44%. companies wait to disperse this year. some companies are borrowing money just to pay out the dividend before the new year so they can get their investors to get the 15% dividend tax. is this the kind of corporate financial responsibility we want? borrowing money just to give it away? who wants a dividend that a company cannot afford or if it can afford it it chooses to borrow the tax. this is just an observation on how one bad policy can act as a domino effect. bad policy begets bad policy. it is another reason why america is pleading with washington to get a deal done on the fiscal cliff. stop taunting one another with
why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal policy by going over the fiscal cliff even if it is considered bad policy. for some taxes on divs we could see those taxes soar to 44%. companies wait to...
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Dec 6, 2012
12/12
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CNNW
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep profess
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. every human being is...
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Dec 7, 2012
12/12
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he said he he has demonstrated when he stepped into government that he could work in a difficult environment, take good ideas like private health insurance and apply them to the need to have everyone insured. they came up with the idea an alternative and they made it the law in massachusetts and got democrats to embrace it. for a thinktank that is the dream. today both the foundation and the new president agree that the individual mandate is not just about policy, it is terrible no good constitutional policy. their idea. now horrible and only judged that way until they began endorsing it. flip-flopping to try and make health care reform. i don't want to call it his job, but it is not shocking. it is what you do. but it is not what you do if you are a thinkingtank. his ascension to the head of the foundation is both a perfect match and a disturbing one. they are where the politicians get their ideas and where the media figures look to get an informed take on whether something make sense or not. their leaders have had one foot in the public and policy world. arthur brooks was recuted from syra
he said he he has demonstrated when he stepped into government that he could work in a difficult environment, take good ideas like private health insurance and apply them to the need to have everyone insured. they came up with the idea an alternative and they made it the law in massachusetts and got democrats to embrace it. for a thinktank that is the dream. today both the foundation and the new president agree that the individual mandate is not just about policy, it is terrible no good...
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Dec 2, 2012
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you get a safe environment. nice community. >> with a relatively weak dollar, chinese buyers get a bargain here and foreigners are going to states hard hit by foreclosures, latin americas to florida. mexicans to texas. asians likeness and california. among chinese, 40% of the homes are being bought as an investment. mainland china has one million millionaires and nearly half say they want to invest in the u.s. >> it's a sign, you can show off to your friends or family that i can buy overseas. not everyone can do it. >> the big picture after crashing in 2007 prices are back to levels we saw in 2003. before the housing bubble. >> shannon: thank you. >> this is a fox news alert. the dowel on democracy. president morsi pushes for plan for new constitution, after granting broad new powers that many call the overreach. they have protest. we have live team coverage from steve centanni in washington. steve harrigan in cairo. and that is where we begin. steve? >> the supreme constitutional court justices suspended their
you get a safe environment. nice community. >> with a relatively weak dollar, chinese buyers get a bargain here and foreigners are going to states hard hit by foreclosures, latin americas to florida. mexicans to texas. asians likeness and california. among chinese, 40% of the homes are being bought as an investment. mainland china has one million millionaires and nearly half say they want to invest in the u.s. >> it's a sign, you can show off to your friends or family that i can buy...
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we'll be right back. ard to see y in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens.
we'll be right back. ard to see y in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy...
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little bit now, where there's a sense that, if president obama goes into his second term and poisons the environment so much that he can't get a deal and we go over the cliff it's going to be so toxic for year two, year three and year four. the president has to worry about his legacy. even though republicans might get blamed, this whole idea of the president bringing this country together, >> democrats have to be wary of. isn't it? >> i don't see it that way at all. look, the president has made a proposal. it may not be what everyone likes. i don't think it was an outrageous proposal. it's consistent with everything he said before. it's a proposal, a real proposal. the republicans have put nothing on the table. if we go over the cliff, it's not at all clear to the american people are going to blame the president as opposed to a party. >> the blame is real dispiriting because the idea of who's going to get the blame instead of figuring out how to keep it from happening is exactly what drives voters nuts. >> they might have to be aware of who's going to get the blame before they come to a deal. one pr
little bit now, where there's a sense that, if president obama goes into his second term and poisons the environment so much that he can't get a deal and we go over the cliff it's going to be so toxic for year two, year three and year four. the president has to worry about his legacy. even though republicans might get blamed, this whole idea of the president bringing this country together, >> democrats have to be wary of. isn't it? >> i don't see it that way at all. look, the...
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. >> we're in a different environment now, unfortunately, and what it means is in the case of gaddafhi, they might as well go down with their boots on. if the choice is dying fighting for themselves or be convicted by the international criminal court, every incentive is to stay in power. >> greta: weren't there efforts to get gaddafhi a safe haven but he decided to stay until the bitter end and it was very bitter for him? >> the ainsurances aren't worth while. frequently dictators cut deals with the prosecution. it happened in chile and the president was prosecuted anyway. it leads assad to think it's better to fight to the bitter end. it's in those circumstances that the use of chemical weapons unfortunately is a realistic option. >> greta: are we like days away with syria? >> look. i predicted before that assad was close to falling, and he's had remarkable staying power. it does look this time like his situation is deteriorating rapidly which again is consistent with the idea he would get ready to use chemical weapons or at least he would try to move them into areas clearly controlle
. >> we're in a different environment now, unfortunately, and what it means is in the case of gaddafhi, they might as well go down with their boots on. if the choice is dying fighting for themselves or be convicted by the international criminal court, every incentive is to stay in power. >> greta: weren't there efforts to get gaddafhi a safe haven but he decided to stay until the bitter end and it was very bitter for him? >> the ainsurances aren't worth while. frequently...
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Dec 7, 2012
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texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about 23%. but it is worth remembering that we started as a start-up. this company was a start-up in the last couple years, the reason we're the leading economy is because of the entrepreneurs building start-ups that have really powered our economy. we really need to as a nation double down on entrepreneurship. some of that is what needs to happen in washington, the jobs act that passed six months ago, the broad bipartisan support dealt with crowd funding and on-ramp for ipos. start-up app 2.0 introduces with bipartisan support. there's a role for washington but there's also a role for the private sector particularly ent
texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about...
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. with efficient absorption in one daily dose. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. [ female an
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. is efficiently absorbed...
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> as we do here every night, we're keeping them honest. looking for facts, not offering our opinions or playing favorites. we're not supporting democrats or republicans. you can go to other cable channels for that. our goal is reporting, finding the truth and calling out hypocrisy. tonight the people you elected to go to washington and get things done can't seem to make any progress at all on the looming fiscal cliff. instead, what we have is a game of finger pointing, both democrats and republicans, what else, blaming each other for the lack of a deal. now, keep in mind time is of the essence here. automatic tax hikes and sp
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> as we do...
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the environment is clean. it's blessed with mineral riches, gold, timber, copper. just about everything. that's part of the reason why we're seeing this fight. the u.s. government has tried to get their hands around this by passing this resource conflict legislation that tries to get their arms around better regulating the minerals that come out of congo. that hasn't really worked. it's not purely a mineral issue. it's a lot about power and com and politics. that's why this is so complic e complicated and keeps going on. >> thank you. up next, the author of the black swan. he joins me. he has a new book out. [ female announcer ] imagine skin so healthy, it never gets dry again. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test dri
the environment is clean. it's blessed with mineral riches, gold, timber, copper. just about everything. that's part of the reason why we're seeing this fight. the u.s. government has tried to get their hands around this by passing this resource conflict legislation that tries to get their arms around better regulating the minerals that come out of congo. that hasn't really worked. it's not purely a mineral issue. it's a lot about power and com and politics. that's why this is so complic e...
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Dec 6, 2012
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that's obviously not a great environment to move things along. the optimists on both sides think we're going to get a deal, not by christmas, but by new year's. if you ask people, what's the next step? what gets things moving? it's still complicated, and nobody has a consensus on that. the biggest challenge is how you strike a deal this year that has some things left undone for next year. and there's all sorts of people thinking about different kinds of triggers, different kind of things that say, well, if congress doesn't do x, then y kicks in, but there's no agreement on what those need to be. there's going to be more revenue, but things like entitlement reform, tax reform, those things are still very unsettled. >> so senator tom coburn yesterday on "morning joe" became the latest to break rank, saying he could support president obama's tax proposal. coburn joins a growing chorus of republicans from outside the house of representatives, urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. ho
that's obviously not a great environment to move things along. the optimists on both sides think we're going to get a deal, not by christmas, but by new year's. if you ask people, what's the next step? what gets things moving? it's still complicated, and nobody has a consensus on that. the biggest challenge is how you strike a deal this year that has some things left undone for next year. and there's all sorts of people thinking about different kinds of triggers, different kind of things that...
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economy past this model through environment, you will see a slight acceleration in the second half. cheryl: your last point is manufacturing. in the report, it was basically flat. we had downward revision for september and october from the report. you are not concerned about that sector at all? >> i am not concerned about that sector. we are looking at a longer-term and the impact it has on the u.s. economy. when you look at what the u.s. does in a manufacturing basis, we manufacture 18.2% of other manufactured goods in the world today. that is bigger than japan. that is bigger than china. it is a very significant number. we do it better and less expensively. cheryl: a report saying it would be a good thing for this country if we begin to export natural gas. it would be good for the u.s. economy. some, especially in washington, saying it would be a bad thing. it would be a job killer. >> it is hard to me to figure that out. i think we have to find a balance between exports and the cheap fuel in the united states which will cause that energy less dependence. cheryl: it would be nice
economy past this model through environment, you will see a slight acceleration in the second half. cheryl: your last point is manufacturing. in the report, it was basically flat. we had downward revision for september and october from the report. you are not concerned about that sector at all? >> i am not concerned about that sector. we are looking at a longer-term and the impact it has on the u.s. economy. when you look at what the u.s. does in a manufacturing basis, we manufacture...
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. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is actually constructive from the standpoint it causes people to come together and compromise because going over the cliff while we may do it for a short time period is not beneficial to anybody. it hurts everybody. >> so risk assets being, what, technology? what does that mean, technology? >> not necessarily. we would stay with dividend payers. we would also dip our toe into europe into some very high-quality, multicountry stocks there. mostly on consumer discretionary stocks as well. >> george, we haven't forgotten you yet. scott, i have a question for you. just noticed today france and germany's sto
. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is...
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and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the business climate that the government and the leadership have generated. >> doctor, some of it is federal, right? some hhs stuff? how much is federal and how much is state in the partnership? >> well, we have very broad programs. i think what you were referring to is the state of texas led by a team by texas a&m university system was recently awarded a $285 million federal contract. >> yes. >> to have a center for advanced development and innovation. that's going to be located in texas. so, there is a significant financial
and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the...
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in that environment you would see modest upward pressure on yields. now, is it possible that you would get more upward pressure on yields. possible. you're starting from a very low level. if the economy were to accelerate more sharply. if we were to get a more expansionary fiscal year. if the payroll tax cut was extended i don't expect that but if that were to happen, that probably would put more awkward pressure on longer term yields. >> setting up next week, fed meeting, an event or not? >> i think it's pretty clear what we're going to see in at least the broad outline. i would expect continued pace of asset purchases at $85 billion a month. that is widely expected. i think for good reason. i think that there are some questions about the details, of course, what are mature ranges going to be and things like that. you'll always have those kind of questions so there's uncertainty there. i don't think we're going to see a lot of new innovation beyond that sort of extension of the $85 billion pace of purchases. >> good to see you. thanks. >>> still ahea
in that environment you would see modest upward pressure on yields. now, is it possible that you would get more upward pressure on yields. possible. you're starting from a very low level. if the economy were to accelerate more sharply. if we were to get a more expansionary fiscal year. if the payroll tax cut was extended i don't expect that but if that were to happen, that probably would put more awkward pressure on longer term yields. >> setting up next week, fed meeting, an event or...
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they are putting money into research on how different foods and their affects can affect health in the environment. they hope to disprove research that produce is not anymore nutritional than conventionally grown foods. >>> does anybody want it? why state officials say they are holding on to money they can't giveaway. >>> the royal palace has confirmed a future to the royal air is on the way. we will have more on why something this could start a baby boom. . >>> welcome back to the ktvu channel 2 morning news, a live look at the dow jones industrial average, very close to that 13,000 level, one stock that could certainly help, there it goes, home depot doing well and more is yet to come. >>> millions of dollars but nobody to claim it, and the state of california has $14 million in tax refunds but nobody to send them to. they rang up to $35,000 and to see if you have anyone claimed money click on links to the tax board. >>> california is looking good. it has not been so bad for us so far but doctors say get a flu shot. keizer said there are more than a million and every year 36,000 people die in th
they are putting money into research on how different foods and their affects can affect health in the environment. they hope to disprove research that produce is not anymore nutritional than conventionally grown foods. >>> does anybody want it? why state officials say they are holding on to money they can't giveaway. >>> the royal palace has confirmed a future to the royal air is on the way. we will have more on why something this could start a baby boom. . >>>...
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Dec 10, 2012
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back to the beginnings of unions they were created for a very good purpose to protect workers in an environment where they really had no means to protect themselves. that dynamic man many would say has changed dramatically over the years and the unions are struggling to hang onto their existence in many ways. >> the unions give them very fragmentary information on how they spend their dues money. about 7 5:00, 80% of it goes to politics electing people who will then turn around and give them pay raises if they work, for example in the public sector. bottom line, unions, i think should represent workers for collective bargaining, grievances, all kinds of issues, but if you are paying politics the worker should have a right, when 40% of workers generally vote republican if they are a union, they should have a right to say my dues go to what i want not the politicians you want as union bosses. martha: how do you think this stakes out in michigan. >> in wisconsin there was a lot of protesting, it went on for a longtime, there were recall attempts, ultimately the public backed the governor and the g
back to the beginnings of unions they were created for a very good purpose to protect workers in an environment where they really had no means to protect themselves. that dynamic man many would say has changed dramatically over the years and the unions are struggling to hang onto their existence in many ways. >> the unions give them very fragmentary information on how they spend their dues money. about 7 5:00, 80% of it goes to politics electing people who will then turn around and give...
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how do invest in the uncertain environment, what one of our guests calls the investment townt of a life -- opportunity of a lifetime. david: wonder what it is. business leaders and congressmen holding a news conference on capital hill today to support a flat tax. remember that? one of the business leaders in attendance was mr. steve forbes, ceo and chairman of forbes media joins us straight ahead to discuss his plan. liz: prolonged drought? still going on in certain places. look at the screen. pictures that may force the mississippi river to shut down, commerce, billions worth of cargo at risk, not shipping right now, grains you eat to oil and coal you use. we'll take you there live. ♪ ♪ [ male announcer ] this is amy. amy lik invest in the market. s also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobileradi. so she's always ready to ke action, matter how wily.. oweird... or wonderfully the market's behaving... which isn't roct sciee. it's just common sense. from td ameritrade. you know how
how do invest in the uncertain environment, what one of our guests calls the investment townt of a life -- opportunity of a lifetime. david: wonder what it is. business leaders and congressmen holding a news conference on capital hill today to support a flat tax. remember that? one of the business leaders in attendance was mr. steve forbes, ceo and chairman of forbes media joins us straight ahead to discuss his plan. liz: prolonged drought? still going on in certain places. look at the screen....
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Dec 7, 2012
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are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than were used in the actuarial. it would be significantly better today just on that one variable. the second point is that the view is a point in time that assumes we do no further fha business. one of the things that is artificial about it is that, when interest rates go lower, it assumes people pay off faster. that's accurate. typically path of that refinanced into -- half refinanced into fha. assume your clothes and down the fund, there are revenues that will come in not built and. budget, weident's will include the lower interest rates you described. w
are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than...
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missile type of activity somewhere down the road and destablizing impact that will have on the security environment throughout the region, not just on the peninsula. >> reporter: the state department says it will go along with south korea and japan to the united nations security council to demand tighter sanctions against north korea if this launch does go forward. martha: molly, thank you very much. bill: from one hot spot to another, we'll show you a live look in cairo. the number of protesters massing outside the presidential palace growing by the hour. now getting word that president obama has called egyptian president mohammed morsi, voicing, quote, deep concern over what's happening in the streets there with the violence and reports of several killed this week. david lee miller watching this live at our middle east bureau in jerusalem. president morsi, he spoke to the people of egypt late yesterday. did that do anything to calm this, david? >> reporter: you know arguably, bill, that speech only made the situation worse yesterday. the opposition didn't like what they heard. you're looking at a
missile type of activity somewhere down the road and destablizing impact that will have on the security environment throughout the region, not just on the peninsula. >> reporter: the state department says it will go along with south korea and japan to the united nations security council to demand tighter sanctions against north korea if this launch does go forward. martha: molly, thank you very much. bill: from one hot spot to another, we'll show you a live look in cairo. the number of...
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Dec 10, 2012
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. >> you deal with making the environment cleaner and better from a government's he perspective. how do you attract businesses and money and private investment into climate change and protecting the environment? >> well, i think they need certainty. what i hear from businesses is -- i've been doing this almost 23 years. we need certainty. we want to invest or money, but we want to know the rules aren't going to change. if carbon pollution is a bad thing, which we know we need to control it, that i'm not going to be disadvantaged because i'm clean. in fact, it would be great if i'm advantaged, but don't put me on a playing field that makes it harder for me to compete. i think what we have to do, we find businesses all over the country cutting their energy use, cutting their water use, increasing their profits by doing it. we have to lift them up, because they can show the way for other businesses that might be too small or too busy to realize the opportunities are there. >> what's your plan for the second term? are you sticking around? >> you know what? what i can say is i'm very
. >> you deal with making the environment cleaner and better from a government's he perspective. how do you attract businesses and money and private investment into climate change and protecting the environment? >> well, i think they need certainty. what i hear from businesses is -- i've been doing this almost 23 years. we need certainty. we want to invest or money, but we want to know the rules aren't going to change. if carbon pollution is a bad thing, which we know we need to...
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but that solution needs to create a business environment that allows businesses to grow because we're only expanding 2% gdp. we need at least 3 1/2, 4% to bring down unemployment. so we are fighting for the soul of america. >> steve: 'cause you need to help the economy and sell cars, too. >> that's an important part, to because next to our homes, the purchases -- it's always a lead indicator. >> gretchen: you would know, and this is why you were invited, because you run ford and you've been very successful at it. by the way, you took no bailout money because you borrowed money before that other fiscal cliff that we went over when the car industry was bailed out. did the president listen to you? >> i think he absolutely did. of course, i would do it again about testifying against my competitors because clearly the united states economy was in a recession and could have gone into a depression. i'm glad we did testify on behalf of our competitors at the time because we were doing the right thing for the u.s. economy. >> brian: as gm begins to boom, are you saying, you wouldn't even exist
but that solution needs to create a business environment that allows businesses to grow because we're only expanding 2% gdp. we need at least 3 1/2, 4% to bring down unemployment. so we are fighting for the soul of america. >> steve: 'cause you need to help the economy and sell cars, too. >> that's an important part, to because next to our homes, the purchases -- it's always a lead indicator. >> gretchen: you would know, and this is why you were invited, because you run ford...
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the environment is clean. it's blessed with mineral riches, gold, timber, copper. diamonds, just about everything. that's part of the reason why we're seeing this fight. the u.s. government has tried to get their hands around this by passing this resource conflict legislation that tries to get their arms around better regulating the minerals that come out of congo. that hasn't really worked. it's not purely a mineral issue. it's a lot of power and control and politics. that's why this is so complicated and keeps going on. >> jeff get he willman, thank you. up next, the author of the black swan. he joins me. he has a new book out. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this se
the environment is clean. it's blessed with mineral riches, gold, timber, copper. diamonds, just about everything. that's part of the reason why we're seeing this fight. the u.s. government has tried to get their hands around this by passing this resource conflict legislation that tries to get their arms around better regulating the minerals that come out of congo. that hasn't really worked. it's not purely a mineral issue. it's a lot of power and control and politics. that's why this is so...
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i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone tou
i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there....
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we're liking inflationary environment down the road. this is bad news. >> you could could make the argument invite blowing past short term helpful, long term payne full. melissa: spending cuts, tax hikes are very dramatic going over the cliff. when you look at numbers, still is like five to one raising taxes to cutting spending. >> that's right. melissa: no one is really talking about cutting spending. isn't that the first thing you would do? if your fiscal house was in such disarray, household at home, first thing you do is stop spending. no one is doing that. >> what scares me, is that point. whether you agree or disagree hiking taxes i am not a fan of it but i think it will come. we can get past this. charlie gasparino and i have argued this. one of the consequences of the election the president will probably get his way raising most rates. melissa: right. >> i'm not saying i'm a fan. let's get past that, let's make it happen. republicans realize you lost election you didn't suddenly lose your backbone. this should be precursor getti
we're liking inflationary environment down the road. this is bad news. >> you could could make the argument invite blowing past short term helpful, long term payne full. melissa: spending cuts, tax hikes are very dramatic going over the cliff. when you look at numbers, still is like five to one raising taxes to cutting spending. >> that's right. melissa: no one is really talking about cutting spending. isn't that the first thing you would do? if your fiscal house was in such...